LVMH Is Once Again the Largest Company in Europe by Market Cap
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The US stock market fluctuated and then declined, Apple fell by 4%, Taiwan Semiconductor's ADR once rose over 7%, and Luxury Goods stocks along with European and American government bonds increased.
In December, USA's retail sales growth was weaker than expected, but the Philadelphia January manufacturing Index reached its highest level in nearly four years. Federal Reserve Board member Waller predicted that there might be up to four interest rate cuts this year, which lowered USA Treasury yields and the dollar. The S&P experienced its first decline in four days, previously boosted by Banks' Earnings Reports. Taiwan Semiconductor's quarterly report confirmed AI demand, leading to most chip stocks rising. Luxury Goods giant Richemont's earnings surpassed expectations, causing a collective increase among peers that pushed French stocks up over 2%. The China concept index rose against the trend, with DouYu increasing by about 28%. The yen approached 155, Bitcoin hovered around $0.1 million, oil prices fell from a six-month high, and Gold reached its highest in five weeks. As a cold wave hit, Henry Hub Natural Gas surged over 4%.
Tradepulse Power Inflow Alert: ASML Holding (ASML) Rises Over 2.4% After Alert
European stock markets have risen to a one-month high, boosted by sales from Richemont, which in turn lifted Luxury Goods stocks.
European stock markets rose to their highest level in over a month on Thursday, boosted by the Luxury Goods and Technology Sectors. Richemont saw double-digit sales growth, while Taiwan Semiconductor's positive outlook bolstered market sentiment. The Stoxx Europe 600 Index closed up 1% in London, continuing the previous trading day's upward trend. This Index recorded its largest gain in nearly four months on Wednesday after unexpected easing in inflation renewed bets that the Federal Reserve would lower interest rates sooner. Meanwhile, Richemont's strong performance reignited optimism in the Luxury Goods Industry, driving stock prices to record highs. LVMH surged more than 8%, while Hermès International rose 4.
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European Equities Traded in the US as American Depositary Receipts Rise Thursday
$100 Invested In ASML Holding 10 Years Ago Would Be Worth This Much Today
Gamma Data: In 2024, the Global AI industry financing amount exceeded 400 billion yuan, a year-on-year growth of over 77%.
In 2024, the Global AI industry financing amount exceeded 400 billion yuan, with a year-on-year growth of over 77%. The financing amount for general models reached 266.5 billion, accounting for over 50% of the total financing amount.
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